XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) in response to its Semiannual Reporting proposed rule. Our comment letter raised concerns about semiannual reporting versus the current quarterly reporting regime, notably questioning whether a reduction in reporting cadence would provide a significant incentive for companies to go public and stay […more]
The California Air Resources Board (CARB) announced that it is updating its regulatory proposal to defer the reporting deadline for entities to report Scope 1 and Scope 2 greenhouse gas (GHG) emissions from August 10, 2026, to November 10, 2026. The three month deferral is designed to give reporting entities additional time following the adoption […more]
The Federal Energy Regulation Commission (FERC) published the proposal, Revisions to Financial Forms Reporting and Filing Requirements, which calls for amendments to FERC Annual Report Form Nos. 1, 1-F, 2, 2-A, 6, and 60 and FERC Quarterly Report Form Nos. 3-Q and 6-Q. The changes update filing instructions and certain schedule instructions to reflect current […more]
XBRL Staff at the Financial Accounting Standards Board (FASB) published for comment proposed GAAP Taxonomy Improvements related to the accounting for interest rate risk hedging and net investment hedging: Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Interest Rate Risk Hedging and Net Investment Hedging (Release Notes) The comment period for the proposed […more]
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) today published a Joint Request for Comment on Swap and Security-Based Swap Data Reporting. The joint request seeks input on: Harmonization across frameworks Transparency and data quality Operational complexity Standardized identifiers and reference data Implementation considerations Comments must be submitted by August […more]
XBRL Staff at the Financial Accounting Standards Board (FASB) published for comment proposed GAAP Taxonomy Improvements for Proposed Update on Market-Return Cash Balance Plans. The update addresses the proposed Accounting Standards Update: Compensation—Retirement Benefits—Defined Benefit Plans—Pension (Subtopic 715-30): Discount Rate Used to Measure the Benefit Obligation for Certain Market-Return Cash Balance Plans (Release Notes) The […more]
The Office of the Comptroller of the Currency (OCC) made an announcement on the GENIUS Act: Reporting Forms and Instructions for Permitted Payment Stablecoin Issuers Subject to the Jurisdiction of the Office of the Comptroller of the Currency, which included a request for comment on various aspects of the proposal. The proposal is a new […more]
FDTA agencies have published the final rule for Financial Data Transparency Act Joint Data Standards. The final rule summarizes the joint standards in Table 1 on page 7. Legal entity is defined as the ISO 17442 – Legal Entity Identifier (LEI) and data transmission and schema and taxonomy format are defined as: Formats that, to […more]
The Securities and Exchange Commission (SEC) proposed to rescind amendments to its rules under the Securities Act of 1933 (“Securities Act”) and Securities Exchange Act of 1934 (“Exchange Act”) that require registrants to provide certain climate- related information in their registration statements and annual reports. Comments regarding the proposal will be accepted through August 3, […more]
The Securities and Exchange Commission’s Office of Inspector General (OIG) published its Semiannual Report to Congress covering October 1, 2025, through March 31, 2026. The report highlights the accomplishments of the OIG during the reporting period and describes OIG’s ongoing audits, evaluations, and reviews. The report notes OIG’s evaluation of the EDGAR Business Review Processes, […more]
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